5, RISEWAY CLOSE, NORWICH, NR1 4NJ - £250,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 RISEWAY CLOSE is a very small detached house of 65m², built sometime between 1950 and 1966. It was last sold for £250,000 in May 2019, which was around 35% below the average May 2019 detached price in the Norwich local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was B.

5 RISEWAY CLOSE Sold Prices

Land registry data shows two sales for 5 RISEWAY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Both of the two 5 RISEWAY CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 31 MAY	£250,000	£382,769	35% below HPI
2012 16 NOV	£142,000	£268,124	47% below HPI

5 RISEWAY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 5 RISEWAY CLOSE sales from November 2012 and May 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2012 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the May 2019 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 5 RISEWAY CLOSE?

5 RISEWAY CLOSE is 65m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 10% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 5 RISEWAY CLOSE lies on this distribution: 5% of detached houses are smaller than 5 RISEWAY CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Norwich.

5 RISEWAY CLOSE: Plot and Title Map

5 RISEWAY CLOSE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 5 RISEWAY CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 RISEWAY CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 RISEWAY CLOSE?

5 RISEWAY CLOSE is located in NORWICH, in the NR1 postcode district. The below map shows the position of No. 5 on RISEWAY CLOSE.